Chinese company Dream Industries Bengal Co Ltd has signed an agreement with the Bangladesh Export Processing Zones Authority (Bepza) to establish a wig and hair goods manufacturing industry in Ishwardi EPZ with an investment of $3.85 million.
This fully foreign company will produce annually 2.6 million pieces of wig made of synthetic fiber and hair goods made of human hair and washed bovine hair.
The company will create employment opportunities for 2,496 Bangladeshi nationals, said a press release from the Bepza.
In the presence of Bepza Executive Chairman Major General Md Nazrul Islam, Member (Investment Promotion) of Bepza Md Mahmudul Hossain Khan and Managing Director of Dream Industries Bengal Co Ltd Feng Haoran signed the agreement on Thursday at the Bepza Complex, Dhaka on behalf of their respective organisations.
Among others, Member (Engineering) Mohammad Faruque Alam, Secretary Md Zakir Hossain Chowdhury, General Manager (Public Relations) Nazma Binte Alamgir and General Manager (Investment Promotion) Md Tanvir Hossain of Bepza were present at the signing ceremony.